Justin Sun's recent transfer of 5.289 million WLFI tokens to HTX has drawn market attention and sparked discussions about the token's future.
WLFI Token Transfer
Sun transferred WLFI tokens valued at $1.19 million between September 2 and 4, 2025. This blockchain transaction was captured by analysts. Sun holds a significant stake in WLFI valued at over $135 million.
Market Perspectives
This transfer has raised speculation about WLFI's future in DeFi, while also questioning its role within the HTX ecosystem. It was noted that WLFI experienced a 9% increase after the transfer, which some associate with HTX's promised 20% APY on deposits.
Price Volatility and Regulatory Overview
Currently, WLFI trades at $0.18, with a market cap of approximately $4.45 billion. WLFI has documented declines in recent months, raising concerns among investors. Issues regarding centralized governance and potential regulatory responses continue being discussed.
Justin Sun's actions are drawing attention from both investors and regulators, raising key questions regarding the future of WLFI and the DeFi market as a whole.